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SpaceX’s rocket reusability dream is within reach after fastest recovery yet
SpaceX and CEO Elon Musk’s rocket reusability dream appears to be within reach for the first time ever after technicians managed to retract the most recently-launched Falcon 9 booster’s landing legs and bring it horizontal in record time.
On the heels of a SpaceX’s second orbital-class Falcon 9 launch, landing, and recovery just this month, the recovery milestone could mean that booster B1059 is being prepared for the fastest turnaround in the company’s history. Together, with two Starlink launches now complete less than two weeks into June 2020 and a third internet satellite mission scheduled as early as June 22nd, the odds are better than ever that SpaceX will be able to pull off a record launch cadence heading into the second half of the year.
Averaged out, a sustained frequency of one launch every ~7 days would give SpaceX the ability to perform more than 50 orbital launches annually. In fact, just earlier this year, an environmental impact assessment completed for upgrades at Kennedy Space Center (KSC) Pad 39A revealed plans for as many as 70 annual launches from SpaceX’s two Florida pads by 2023.
Technically, SpaceX has already demonstrated that those two Florida launch pads – KSC Pad 39A and Cape Canaveral Air Force Station (CCAFS) LC-40 – are able to support 60-70 annual launches when pushed to their limits, with the latter pad recently performing two launches in just nine days for a potential maximum of 40 launches in one year. If SpaceX can pull off four Falcon 9 launches in 27 days, as it’s currently scheduled to do, the company will have already come a majority (75%) of the way to demonstrating that its fleet of Falcon rockets is also up to the task.
Currently the newest flown booster in SpaceX’s Falcon 9 fleet, the company has also wasted no time processing B1059 after ~8 am EDT return to Port Canaveral, kicking off landing leg retraction scarcely eight hours after berthing. B1059’s first sea recovery was also the second use of drone ship Of Course I Still Love You’s (OCISLY) upgraded Octagrabber, a tank-like robot used to keep technicians safe while remotely securing Falcon boosters on the high seas.
Octagrabber 2.0
By all appearances, SpaceX is using a new recovery method debuted with Falcon 9 booster B1058 earlier this month for the second time. With that significant operational tweak, the company no longer has to crane Falcon 9 boosters off of the drone ship before it can begin landing leg retraction – itself a process that’s barely a year old. By entirely supporting a booster with an upgraded Octagrabber robot and retracting its legs in situ, SpaceX can completely skip a recovery processing step, only lifting the rocket once it’s ready to be broken over (brought horizontal) and loaded onto a transporter.
Unsurprisingly, on its first use, the improved efficiency allowed SpaceX to process a booster faster than any before it, breaking the previous record of ~1.9 days from port arrival to departure on a horizontal transporter. Now, B1059 is already on pace to beat B1058’s weeks-old recovery turnaround record. Extra-efficient recovery processing and the unprecedentedly rapid booster reuse it could soon enable will be crucial if SpaceX hopes to sustain a cadence of 3-6 Falcon 9 launches per month over the next few years.
Such a cadence is a necessity for the expedient deployment of the 12,000 to 40,000-satellite Starlink internet constellation. With SpaceX all but guaranteed to demonstrate three Starlink launches in a single month (in fact, less than three weeks), the company is making rapid progress in the right direction.
Speeding through recovery
In fact, as of writing, Falcon 9 B1059 has already had all four landing legs retracted and was lifted off drone ship OCISLY, broken over, and placed on SpaceX’s custom booster transporter less than 10 hours after it arrived in port. A step further, SpaceX took an incredible 8-9 hours after docking to bring the booster horizontal, crushing the previous record – ~27 hours – by a factor of three or more.
Given that unprecedented expediency, it wouldn’t be crazy to imagine that SpaceX could be aiming for a record-breaking booster turnaround on one of its next few Starlink launches, scheduled June 22nd and sometime in July. Held by the late booster B1056, SpaceX’s current turnaround record (the time between two launches) is 62 days, while the company and CEO Elon Musk’s ultimate reusability goal is to fly the same booster twice in just 24 hours.
Drone ship recoveries, of course, will almost always require at least a few extra days to travel back to port. Still, the fact that 99% of the processing needed to transport a booster can now be finished in as few as ~8 hours is the first unequivocal proof that a 24-hour turnaround is within SpaceX’s reach – so long as the rocket lands on land or the time in transit is excluded.
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Elon Musk
SpaceX (SPCX) IPO is live today at $135: Here’s exactly what you need to know
SpaceX priced its historic IPO at $135 per share today, raising a record $75 billion.
SpaceX officially priced its initial public offering at $135 per share, offering 555,555,555 shares of Class A common stock and raising $75 billion in what is the largest IPO in stock market history. Shares are set to begin trading on the Nasdaq Global Select Market on Friday, June 12, under the ticker symbol SPCX. The previous record holder was Saudi Aramco’s 2019 offering at $29 billion, followed by Alibaba’s $22 billion offering in 2014.
At $135 per share and roughly 555.6 million shares, the implied valuation sits near $1.75 trillion, which would make SpaceX roughly the seventh largest company in the United States, just above Tesla’s current market cap. Regular investors can request shares at the IPO price through Robinhood, Fidelity, Charles Schwab, SoFi, and E*TRADE, though the deal is heavily oversubscribed and most retail allocations will be partial or unfilled. Once trading opens June 12, anyone with a brokerage account can buy SPCX on the open market.
SpaceX’s amended S-1 is sparking a major Tesla merger conversation
The valuation is anchored primarily by Starlink. Starlink crossed 10 million subscribers as of February 2026 and is adding 750,000 to 1.5 million new users per month, with the connectivity segment already posting a $1.19 billion profit last quarter. The offering also bundles in xAI following SpaceX’s all-stock merger earlier this year, adding Grok and the Colossus supercomputer to the investment thesis. As Teslarati reported, Starlink ended 2025 with $10 billion in revenue, a figure analysts project could reach $24 billion by end of 2026.
Wedbush analyst Dan Ives has been vocal in his support. “I think the time is right,” Ives said, adding that the offering expands the Elon Musk ecosystem rather than competing with Tesla. An average 12-month price target of $165 per share represents roughly 22% upside from the IPO price. Not everyone agrees – Motley Fool noted xAI is spending $1 billion per month playing catch-up to OpenAI and Anthropic.
Musk founded SpaceX in 2002 with a single stated purpose. “Elon founded SpaceX with a goal to change humanity, to make us a multi-planet species,” CFO Bret Johnsen said in the company’s retail roadshow video this week. Musk himself has been more direct: “We are building the systems and technologies necessary to provide global connectivity on Earth and beyond, to understand the true nature of the universe, and to extend the light of consciousness to the stars.”
Investor's Corner
Tesla unfolded its first European “folding Supercharger”
Tesla’s folding Supercharger just arrived in Europe and it changes how fast charging expands.
Tesla’s Folding Unit Supercharger has officially landed in Europe, with the company teasing a new installation in its effort for a broader rollout targeting major motorway rest stops across the European continent in Q3 2026. The arrival marks a notable shift in how Tesla is thinking about network expansion, moving from hardware performance alone to engineering the logistics chain itself.
While Tesla did not reveal the exact location for the new folding Supercharger in Europe, the photo shared on X heavily suggests that this maybe somewhere in Norway. Historically, whenever Tesla rolls out an entirely new infrastructure architecture in Europe, whether it was the original Supercharger stalls years ago or these brand-new modular V4 “Folding Units”, Norway is almost always the designated launch pad because of its unmatched EV adoption rate and supportive infrastructure
The Folding Unit, introduced in March 2026, is a factory pre-assembled V4 charging station built on an industrial hinge system mounted to a heavy-duty concrete base. The entire assembly arrives on site ready to unfold and connect. Tesla confirmed the units feature telescopic light poles specifically designed for easy transportation and fast on-site deployment, a detail that signals how carefully the logistics chain has been engineered alongside the hardware itself. The design allows 33% more stalls per delivery truck, cuts installation time roughly in half, and reduces overall deployment costs by more than 20% compared to traditional installations.
Tesla’s newest “Folding V4 Superchargers” are key to its most aggressive expansion yet
Tesla also noted telescopic light poles which provide benefits over traditional Supercharger installations that require fixed-height poles that are awkward to ship, slow to position on site, and often require separate crews and equipment to erect before charging hardware can even be staged. By engineering poles that compress for transit and extend on arrival, Tesla has removed one of the quieter bottlenecks in the physical deployment process. Every hour saved on a light pole installation is an hour redirected toward getting stalls energized. At scale, across dozens of new sites per quarter, those hours add up to a meaningful acceleration in how quickly a location goes from approved permit to serving its first customer.
Each Folding Unit pairs a single V4 power cabinet with eight charging posts. The V4 cabinet delivers up to 500 kW per stall for passenger vehicles and up to 1.2 MW for the Tesla Semi, supporting twice the stalls per cabinet at three times the power density of its predecessor. Longer cables make every new station immediately usable by non-Tesla vehicles, a priority as Tesla continues opening its network to Ford, GM, Rivian, Hyundai, Stellantis, and others.
As Teslarati reported when the Folding Unit was first unveiled, Tesla’s Gigafactory New York produced its final V3 Supercharger cabinet in March 2026 after more than seven years and 15,000 units, completing a full pivot to V4 production. The European arrival of the folding design is the next chapter in that transition.
Faster and cheaper deployment means Tesla can justify building in markets and corridors that were previously too expensive to serve, filling the coverage gaps that have slowed EV adoption outside major urban centers.
First Folding Unit Superchargers in Europe 🇪🇺 https://t.co/KNfYWJukkL pic.twitter.com/YR1udIpH1i
— Tesla Charging (@TeslaCharging) June 10, 2026
Tesla has stunned by gaining yet another approval for its Full Self-Driving suite in Europe, its second in two days and its fifth overall.
Belgium will be the latest country to allow Tesla owners to utilize FSD on public roads in Europe, joining a quickly growing list that started with the Netherlands, Lithuania, and Estonia.
On Tuesday, Denmark announced its approval of the FSD suite, which has now been followed by Belgium just one day later.
The country’s Minister of Mobility, Annick De Ridder, announced the approval on her X account, stating that she had just signed the approval of Tesla FSD. It now goes to the country’s homologation department for the last step of the approval process.
De @Tesla community houdt hier al geruime tijd de vinger aan de pols over de toelating voor de FSD-technologie op onze Vlaamse en Belgische wegen.
Uit waardering voor jullie niet-aflatende interesse (en aanmoediging 😉), krijgen jullie hierbij de primeur: ik heb net de toelating… pic.twitter.com/Yrps4OHTj8— Annick De Ridder (@AnnickDeRidder) June 10, 2026
The Belgian approval is one of mighty importance because it truly shows how quickly countries in Europe could greenlight the FSD suite consecutively. Approvals are already coming in relatively quickly, which is a great sign.
Perhaps the next big development that could come from FSD approvals in Europe is an approval from a country like England, Italy, France, Spain, or Germany. It would be something to see how FSD would perform in a major European metro, such as London, Barcelona, Madrid, Paris, Rome, or Berlin.
Getting Full Self-Driving in Spain and England will be such huge milestones for Tesla. I am so excited to see how FSD performs in Madrid, Barcelona, and London, specifically.
The ultimate test will always be Mumbai or New Delhi. Excited for India’s eventual approval! https://t.co/paw9Ch1qmL pic.twitter.com/9RdDERVSSJ
— TESLARATI (@Teslarati) June 9, 2026
Full Self-Driving does an excellent job of roaming around major U.S. cities like New York and Los Angeles, but other high-profile international cities of significance would truly mark a line in the sand for Tesla, which can simply enable any vehicle in its customer-owned fleet to run FSD with the correct approvals.
SpaceX (SPCX) IPO is live today at $135: Here’s exactly what you need to know
Tesla unfolded its first European “folding Supercharger”
